DatChat (NASDAQ:DATSW) Stock, Quote.Headers.trade-ideas

DatChat Inc is a blockchain, cybersecurity, and social media company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others. Its mobile messaging application is called DatChat Messenger which is a free messaging application. The platform allows users to exercise control over their messages and posts, even after they are sent.

DatChat Inc

UBS analyst Thomas Wadewitz maintains FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) with a Buy and lowers the price target from $333 to $311.

News

Price Target

Analyst Ratings

UBS Maintains Buy on FedEx, Lowers Price Target to $311

Leerink Partners analyst Roanna Ruiz maintains ARS Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRY#NASDAQ">SPRY</a>) with a Outperform and raises the price target from $21 to $25.

SPRY

Leerink Partners Maintains Outperform on ARS Pharmaceuticals, Raises Price Target to $25

The U.S. equity market stands at a critical crossroads, <a href="https://spotgamma.com/trace-the-market-benzinga/?aff=Benzinga">SpotGamma</a> founder <a href="https://spotgamma.com/about/">Brent Kochuba</a> says. 
The convergence of the Federal Reserve's <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40928301/interest-rates-in-free-fall-what-it-means-for-mortgages-credit-cards-and-your-wallet-a">interest rate decision</a> and the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40948624/traders-brace-for-friday-volatility-as-over-5-trillion-in-options-expire-could-trip">September expiration of derivatives</a> positions may trigger a scenario similar to last month's turbulence when highly leveraged positions in currencies,<a href="https://www.youtube.com/watch?v=TuIatw8hyjs"> stocks, and options unraveled</a>.
"This setup mirrors what we saw on August 1st," Kochuba told SpotGamma subscribers. "Downside volatility may be in excess of what the market is pricing due to the twin triggers of negative gamma and correlation spasms."
Kochuba, <a href="https://x.com/spotgamma">known for his analyses</a> and forecasting of markets through the lens of options positioning, <a href="https://www.benzinga.com/fintech/21/07/21991020/identifying-the-next-gamma-squeeze-with-spotgamma">shared</a> his journey with Benzinga a few years ago. He returned to discuss how SpotGamma's new tools are helping both retail and institutional traders navigate complex market conditions. 
The former derivatives broker and portfolio manager evaluates metrics like gamma—the sensitivity of option prices to movements in the underlying market. He also provides valuable insight into how market makers manage risk and affect outcomes.
"With the surge in options trading, many banks now acknowledge that options volumes have surpassed stock volumes in significance," Kochuba noted. "For those who don't trade options, it's still critical to watch their flows, as they provide insight into potential market moves."
In late July, Kochuba highlighted the risks posed by declining correlations and the growing concentration of indexes like the S&amp;P 500 among their largest components, such as Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
"The juice was squeezed out of these trades," he told subscribers. "As stocks like Nvidia, Apple, and Microsoft started to stall, they were a drag on the S&amp;P 500. If traders began selling off these large names, it would pressure the index due to their outsized influence."
Following July's rotation out of large-cap tech, AI, and the so-called "Magnificent 7" stocks into riskier sectors, traders shifted strategies, moving from betting on market upside through call options to buying put options to hedge against and bet on potential declines.
"The only way to unwind heavy concentration and correlation was for the S&amp;P 500 to drop, which it did, and the VIX to spike," Kochuba recalled. "On August 2, we told subscribers it was one of the ugliest setups we'd seen, and there was no reason to hold stocks or be short options."
Despite a quick market recovery, Kochuba warns that volatility risks persist. Money allocated to the trades that unraveled in August (i.e., short positions on the S&amp;P 500 and VIX) has grown. This was driven by renewed confidence in the market rebound.
"This feels like the early days of Volmageddon in 2017," Kochuba added, referencing concerns raised by pundits like Marko Kolanovic, who foresee a potential <a href="https://www.bloomberg.com/news/articles/2023-02-15/jpmorgan-strategist-kolanovic-warns-of-volmageddon-2-0-risk-in-options-market?sref=TBDibEcD">repeat</a> of the volatility crisis. "My biggest concern is the illusion of liquidity. Many short-dated flows that dominate the market disappear when real risk emerges, replaced by record demand elsewhere like VIX call options."
Traders are increasingly betting on or hedging against downside risks by buying put options and selling call options. This limits market upside, Kochuba says. Mid-September is potentially pivotal, with catalysts such as the Fed's interest rate decision triggering further declines.
SpotGamma offers tools like TRACE to help traders monitor such risks. It tracks options hedging and impacts on market direction and volatility.
"We believe TRACE is essential for anyone active in the market," Kochuba said. "It's a new system tracking dealer and market maker exposure, clearly showing market positioning. With this information, we can forecast support, resistance, and market movements because we understand how major players will likely hedge in the days and weeks ahead."
SpotGamma and TRACE gained traction with institutions looking to map out positioning during critical periods when market sentiment can shift rapidly, Kochuba adds.
"We're dedicated to delivering essential insights into how traders express their outlook in the markets, with TRACE offering a clear way to visualize how these flows evolve through the day."
For more information on SpotGamma and their newly released tools like TRACE, <a href="https://spotgamma.com/trace-the-market-benzinga/?aff=Benzinga">click here</a>.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40957270/interest-rate-divergence-weakens-dollar-to-17-month-low-against-yuan-xpeng-li-auto-among-4-stock-mov">Interest Rate Divergence Weakens Dollar To 17-Month Low Against Yuan: XPeng, Li Auto Among 4 Stock Movers</a></li>
</ul>
Image: Flickr

Interview

NVDA

SpotGamma Founder Discusses How The Fed's Next Move And Expiring Derivatives Could Spark Market Turbulence

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is one of the stocks that could be volatile Friday with S&amp;P 500 and several market indexes rebalancing along with the quarterly triple witching event that sees the expiration of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40948624/traders-brace-for-friday-volatility-as-over-5-trillion-in-options-expire-could-trip">stock options, index futures and index options.</a>
What Happened: The S&amp;P 500, <a href="https://www.benzinga.com/topic/s-p-500" target="_blank" rel="noopener">tracked</a> by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), will complete a quarterly rebalance on Friday. This task is traditionally done on the third Friday of March, June, September, and December.
Apple could be one of the biggest beneficiaries of the rebalancing by the S&amp;P 500 and other market indexes.
The technology giant is currently the second-largest holding in the SPY, with 6.7% of assets and trailing Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) at 6.8%.
The rebalance will see Apple take the lead in the holdings, as the company's market capitalization of $3.48 trillion is ahead of Microsoft at $3.26 trillion.
Friday's new rebalancing will coincide with upcoming S&amp;P index-capping rules that will adjust how allocations for the largest companies are determined, according to Bloomberg.
The reshuffling of $250 billion in shares in index-tracking funds is expected to benefit the technology sector and companies like Apple the most, the report said.
Piper Sandler estimates that the technology sector will see $40 billion in net buying, as the only sector with a net gain, according to the Bloomberg report.
Apple will account for a large portion of the $40 billion in net buying thanks to its market capitalization, new rules, and recent sales by Warren Buffett and Berkshire Hathaway.
The sale by Berkshire Hathaway has changed the float of Apple stock, with more shares available to investors. Rules from indexes, in some cases, use float-adjusted market capitalizations, which take into account large stakes held by fund managers.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092024">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Apple and Microsoft have battled back and forth over the last several years as the world's most valuable company. Both companies <a href="https://www.benzinga.com/news/24/06/39386946/microsoft-apple-step-aside-nvidia-is-now-the-most-valuable-public-company-in-the-world">were briefly passed</a> by Nvidia earlier this year.
Friday's rebalancing is expected to bring market volatility and reshape many index funds moving forward.
For Apple, the event comes as the iPhone 16 is publicly released. Investors and analysts are expressing concerns as consumers grapple with whether the new features and the rollout of Apple Intelligence are worth the upgrade from their existing device.
AAPL Price Action: Apple stock trades at $229.02 versus a 52-week trading range of $164.08 to $237.23. Apple stock is up 23% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40940715/apple-revenue-growth-just-too-slow-for-investors-to-get-excited-about-analyst-highl">Apple Revenue Growth &#8216;Just Too Slow For Investors To Get Excited About&#8217;: Analyst Highlights Advertising As Future Catalyst</a></li>
</ul>
Photo: Shutterstock

Broad U.S. Equity ETFs

Trading Ideas

ETFs

AAPL

MSFT

How Apple Stock Could Gain From Friday's S&P 500 Rebalancing: What Investors Should Know

WIIM

UROY

UUUU

Shares of uranium stocks are trading higher amid possible sympathy with Constellation Energy after the company announced it signed a data-center power deal with Microsoft that will restart one of the units at the Three Mile Island nuclear power plant in Pennsylvania.

U.S. stocks traded slightly lower this morning, with the Dow Jones falling around 50 points on Friday.
Following the market opening Friday, the Dow traded down 0.16% to 41,956.23 while the NASDAQ fell 0.01% to 18,012.81. The S&amp;P 500 also fell, dropping, 0.13% to 5,706.13.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40956889/jim-cramer-viking-therapeutics-has-many-ships-coming-in">Jim Cramer: Viking Therapeutics Has &#8216;Many Ships Coming In&#8217;</a>
Leading and Lagging Sectors Utilities shares jumped by 1.7% on Friday.
In trading on Friday, energy shares fell by 1%.
Top Headline
FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.
FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst estimates of $4.80 per share.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) shares shot up 131% to $6.62. Banzai International recently announced a 1-for-50 reverse stock split.</li>
<li>Shares of Battalion Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BATL#NYSE">BATL</a>) got a boost, surging 122% to $6.53 after the company announced it has amended its merger agreement with Fury Resources for the acquisition of all outstanding shares of Battalion at $7.00 per share in cash.</li>
<li>Expion360 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares were also up, gaining 104% to $0.1183.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) shares dropped 65% to $18.05.</li>
<li>Shares of Linkage Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) were down 44% to $0.5482.</li>
<li>Skye Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYE#NASDAQ">SKYE</a>) was down, falling 41% to $3.2550.</li>
</ul>
Commodities In commodity news, oil traded down 0.4% to $71.67 while gold traded up 1.1% at $2,642.30.
Silver traded up 1% to $31.74 on Friday, while copper rose 0.5% to $4.3705.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.9%, Germany's DAX declined 0.8% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index rose 0.3%, while London's FTSE 100 fell 0.9%.
Spain&#8217;s trade deficit narrowed to EUR 3.2 billion in July from EUR 4.9 billion in the year-ago month. The manufacturing climate indicator in France slipped to 98.6 in September from 98.9 in the prior month.
Retail sales in the UK rose 1% month-over-month in August compared to revised 0.7% gain in July. Producer prices in Germany fell by 0.8% year-over-year in August.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 1.53%, Hong Kong's Hang Seng Index surging 1.36%, China's Shanghai Composite Index gaining 0.03% and India's BSE Sensex gaining 1.63%.
Foreign exchange reserves held by the Reserve Bank of India climbed to $689.5 billion as of Sept. 13. The annual inflation rate in Hong Kong came in flat at 2.5% in August, while Hong Kong&#8217;s current account surplus increased to HKD 101.03 billion in the second quarter from HKD 50.71 billion in the year-ago period. The Bank of Japan kept its key short-term interest rate unchanged at around 0.25% during its recent meeting.
Economics
The Baker Hughes rig-count report for the latest week will be released at 1:00 p.m. ET.
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40956962/top-3-financials-stocks-that-may-rocket-higher-this-quarter">Top 3 Financials Stocks That May Rocket Higher This Quarter</a></li>
</ul>

BATL

BNZI

CRBP

LGCB

SKYE

XPON

US Stocks Edge Lower; FedEx Earnings Miss Views

KSCP

Knightscope Deploys 5th Generation K5 Security Robots At Hotel In Georgia And Housing Complex In Pennsylvania

AMZN

Amazon Disagrees With Court's Decision In Nokia Case, Confident In Quick Resolution; Confirms Fire TV Devices Remain Available And Expresses Disappointment In Nokia's Actions

RBC Capital analyst Walter Spracklin reiterates Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) with a Outperform and maintains $275 price target.

Reiteration

RBC Capital Reiterates Outperform on Union Pacific, Maintains $275 Price Target

RBC Capital analyst Ashish Sabadra maintains FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a Sector Perform and raises the price target from $464 to $503.

RBC Capital Maintains Sector Perform on FactSet Research Systems, Raises Price Target to $503

By <a href="https://elplanteo.com/author/lucia-tedesco/" target="_blank" rel="noreferrer noopener">Lucía Tedesco</a> via <a href="https://elplanteo.com/lsd-perros-autismo-estudio/" target="_blank" rel="noreferrer noopener">El Planteo</a>
A recent <a href="https://onlinelibrary.wiley.com/doi/10.1002/advs.202402493">study</a> published in Advanced Science delves into what scientists call &#8220;interbrain activity coupling.&#8221; For many dog lovers, the idea that a glance or a touch could create a special connection with their pet isn&#8217;t new.
However, this research demonstrated for the first time that such interactions lead to an actual synchronization of brainwaves—a phenomenon previously observed mainly in human-to-human interactions.
<h2 class="wp-block-heading">LSD To Connect Autistic Dogs With Their Humans</h2>
The study was conducted with 10 beagles carrying a genetic mutation associated with autism (known as Shank3) and their respective humans. During the experiment, both dogs and humans wore EEG caps, allowing scientists to measure brain activity while they interacted.
According to the study, &#8220;<a href="https://elplanteo.com/lsd-la-guia-definitiva/">LSD</a> was administered intramuscularly at a single dose of 7.5 µg kg−1 bodyweight to each test dog. USP-grade saline (0.9% NaCl) was used as vehicle control. Only dogs were given LSD in the interacting dyads.&#8221;
The results were clear: when humans and dogs looked at each other or engaged in petting, their brainwaves aligned, particularly in regions associated with attention and social behavior.
See also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40887220/86-of-drug-researchers-admit-to-drug-use-nyu-study">86% Of Drug Researchers Admit To Drug Use: NYU Study</a>
"The strength, direction and attention-associated brain regions of the interbrain activity coupling during human-dog interactions are similar to those during human-human interactions,&#8221; the researchers stated, as <a href="https://healingmaps.com/researchers-gave-autistic-dogs-lsd-and-it-helped-them-connect-better-with-humans/">reported</a> by Healing Maps. However, this synchronization didn't occur in all the dogs, which led to a more controversial experiment: the use of LSD.
After receiving the substance, the dogs exhibited improved synchronization of brainwaves with humans and an increase in joint attention, a key behavior in social interactions.
Dr. Yong Q. Zhang, one of the study's authors, explained the implications of these findings: &#8220;One is that the disrupted inter-brain synchronization might be used as a biomarker for autism, and the other is LSD or its derivatives might ameliorate the social symptoms of autism.&#8221;
This article is from an external unpaid contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Cannabis

Psychedelics

Scientists Gave LSD To Autistic Dogs: Mind-Blowing Brain Changes Deepened Connections With Humans

RBC Capital analyst Rishi Jaluria reiterates HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Outperform and maintains $700 price target.

HUBS

RBC Capital Reiterates Outperform on HubSpot, Maintains $700 Price Target

B. Riley Securities analyst Naved Khan initiates coverage on Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) with a Buy rating and announces Price Target of $75.

Initiation

RDDT

B. Riley Securities Initiates Coverage On Reddit with Buy Rating, Announces Price Target of $75

B. Riley Securities analyst Naved Khan initiates coverage on Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Neutral rating and announces Price Target of $11.

SNAP

B. Riley Securities Initiates Coverage On Snap with Neutral Rating, Announces Price Target of $11

Raymond James analyst Patrick Tyler Brown maintains FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) with a Outperform and lowers the price target from $330 to $310.

Raymond James Maintains Outperform on FedEx, Lowers Price Target to $310

RBC Capital analyst Shagun Singh reiterates Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) with a Outperform and maintains $175 price target.

RBC Capital Reiterates Outperform on Johnson & Johnson, Maintains $175 Price Target

Raymond James analyst Brian MacArthur maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Market Perform and raises the price target from $6.25 to $7.

Raymond James Maintains Market Perform on Coeur Mining, Raises Price Target to $7

RBC Capital analyst Ben Hendrix reiterates Acadia Healthcare Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) with a Outperform and maintains $94 price target.

ACHC

RBC Capital Reiterates Outperform on Acadia Healthcare Co, Maintains $94 Price Target

Morgan Stanley analyst Alex Straton maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Equal-Weight and maintains $79 price target.

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DatChat (DATSW) Forecast

DatChat (NASDAQ:DATSW) Stock, Quote.Headers.trade-ideas